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    August 10, 2018

    Active Gas & Oil Rig Counts: U.S. Up, Canada Down

    Written by Brett Linton

    The U.S. active rig count, an indicator of oil country tubular goods demand, increased this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs rose by 13 to 1,057, with oil rigs up 10 to 869 rigs, gas rigs up 3 to 186 rigs, and miscellaneous rigs unchanged at 2 rigs. Compared to this time last year, the 1,057 count is up 108 rigs, with oil rigs up 101, gas rigs up 5, and miscellaneous rigs up 2. See the first graph below for a history of active U.S. rig counts.

    The Canadian rig count fell by 14 to 209 rigs, with oil rigs down 12 to 140 rigs, gas rigs down 2 to 69 rigs, and miscellaneous rigs unchanged at 0. Compared to last year, the 209 count is down 11 rigs, with oil rigs up 13, gas rigs down 24, and miscellaneous rigs unchanged. See the second graph below for a history of active Canadian rig counts.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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